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Amendments made: No. 46, in page 98, line 10, after `(1)', insert
`The Secretary of State may, for the purposes of section 2 of the Capital Allowances Act 1968 (writing-down allowance), by order make provision specifying—
- (a) the amount to be taken for the purposes of subsection (3) of that section as the residue on the transfer date of any expenditure in relation to which any property vested in a successor company in accordance with a scheme under Schedule 2 to this Act is a relevant interest for the purposes of that section; and
- (b) the part of the period mentioned in subsection (3) of that section which is to be treated, in relation to any such property, as unexpired on that date.
§ (1A)'.
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No. 47, in page 98, line 17, leave out from 'of' to 'had' in line 18 and insert
`such amount as may be specified for the purposes of this subsection in an order made by the Secretary of State'.
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No. 48, in page 98, line 20, at end insert—
`(1B) The Secretary of State shall not make an order under subsection (1) or (1A) above in relation to any property of a successor company except with the consent of the Treasury and at a time when the company is wholly owned by the Crown; and the power to make such an order shall be exercisable by statutory instrument and shall include power to make different provision for different cases, including different provision in relation to different property or descriptions of property.'.—[Mr. Howarth.]